30 Best Instant Personal Loan Apps in India (June 2025)
Discover top-rated digital lending platforms in India offering quick disbursals, flexible repayment, and minimal documentation—all ranked by Play Store ratings. Below is a summary table followed by detailed features and benefits for each app.
📊 Summary Table
| No. | App Name | Interest Rate | Loan Amount | Repayment Tenure | Rating |
|---|
| 1 | IDFC First Bank | From 10.99% p.a. | Up to ₹10 Lakh | Up to 60 months | 4.9 |
| 2 | Bajaj Finserv | 1% – 32% p.a. | ₹20k – ₹40 Lakh | Up to 96 months | 4.9 |
| 3 | Olyv (SmartCoin) | 18% – 30% p.a. | ₹1k – ₹5 Lakh | 2 – 24 months | 4.6 |
| 4 | Kissht | From 14% p.a. | ₹30k – ₹5 Lakh | Up to 36 months | 4.6 |
| 5 | Buddy Loan | From 11.99% p.a. | ₹10k – ₹15 Lakh | 6 mo – 5 yrs | 4.5 |
| 6 | KreditBee | 17% – 29.95% p.a. | ₹1k – ₹5 Lakh | 3 – 36 months | 4.5 |
| 7 | Fibe | From 12% p.a. | ₹5k – ₹5 Lakh | 3 – 24 months | 4.5 |
| 8 | LazyPay | 15% – 32% p.a. | ₹3k – ₹5 Lakh | 3 – 60 months | 4.4 |
| 9 | CASHe | From 2.50% p.m. | ₹1k – ₹4 Lakh | 3 – 18 months | 4.4 |
| 10 | mPokket | Up to 48% p.a. | Up to ₹45k | 61 days – 12 months | 4.4 |
| 11 | ZestMoney | From 11.99% p.a. | Up to ₹5 Lakh | 3 – 36 months | 4.4 |
| 12 | True Balance | From 2.40% p.m. | ₹5k – ₹1.25 Lakh | 3 – 12 months | 4.4 |
| 13 | Home Credit | From 1.60% p.m. | Up to ₹5 Lakh | 6 – 51 months | 4.4 |
| 14 | FlexSalary | 18% – 54% p.a. | Up to ₹3 Lakh | 10 – 36 months | 4.3 |
| 15 | Navi | From 9.9% p.a. | Up to ₹20 Lakh | Up to 6 years | 4.3 |
| 16 | Nira Finance | From 2% p.m. | ₹5k – ₹1.5 Lakh | 3 – 24 months | 4.2 |
| 17 | Finnable | From 16% p.a. | Up to ₹5 Lakh | 3 – 48 months | 4.1 |
| 18 | Freo Money | From 13% p.a. | Up to ₹5 Lakh | 3 – 36 months | 4.2 |
| 19 | Pocketly | 24% – 36% p.a. | ₹500 – ₹50k | Up to 6 months | 4.0 |
| 20 | IndiaLends | From 10.25% p.a. | Up to ₹50 Lakh | 1 – 5 years | 3.9 |
| 21 | Hero FinCorp | 19% – 30% p.a. | Up to ₹5 Lakh | Up to 36 months | 3.8 |
| 22 | StashFin | From 11.99% p.a. | ₹1k – ₹5 Lakh | 3 – 36 months | 3.7 |
| 23 | Lenditt | From 28% p.a. | ₹10k – ₹2 Lakh | 4 – 6 months | 3.7 |
| 24 | PayMe India | From 1.5% p.m. | ₹500 – ₹5 Lakh | 3 – 24 months | 3.5 |
| 25 | Dhani | From 13.99% p.a. | ₹1k – ₹15 Lakh | 3 – 24 months | 3.3 |
| 26 | LoanTap | 12% – 24% p.a. | ₹50k – ₹10 Lakh | 6 – 60 months | 3.2 |
| 27 | RupeeRedee | 36% – 48% p.a. | ₹2k – ₹1.49 Lakh | Up to 12 months | 3.2 |
| 28 | SMFG India Credit | From 13% p.a. | Up to ₹25 Lakh | 12 – 60 months | 3.1 |
| 29 | PaySense | 1.4% – 2.3% p.m. | ₹5k – ₹5 Lakh | 3 – 60 months | 3.0 |
| 30 | MoneyTap | From 13% p.a. | ₹3k – ₹5 Lakh | 2 – 36 months | 3.0 |
1. IDFC First Bank
- Existing customers can view loan account details, statements, and outstanding balance.
- Flexible repayment tenure up to 60 months.
- Loan amounts up to ₹10 Lakh.
- Competitive interest rates starting at 10.99% p.a.
- Instant approval for pre-approved customers.
- Minimal documentation for salaried individuals.
2. Bajaj Finserv
- Three loan variants: Flexi Term Loan, Flexi Hybrid Loan, and Term Loan.
- Fully digital application from home.
- Loan offers up to ₹40 Lakh with tenures up to 96 months.
- Unsecured loans; no collateral required.
- Interest rates ranging from 10%–32% p.a.; eligibility from ₹25,001 salary.
- Special offers for existing Bajaj customers.
3. Olyv (SmartCoin)
- Instant personal loans for salaried and self-employed individuals.
- Quick disbursal within 24 hours of approval.
- No prepayment charges after 6 EMIs.
- AI-based credit assessment for faster approvals.
- Flexible repayment options from 2 to 24 months.
- Credit line facility for repeat customers.
4. Kissht
- Buy Now Pay Later (BNPL) facility available.
- No hidden charges or prepayment penalties.
- EMI conversion for purchases at partner merchants.
- Credit limit increases with good repayment history.
- Instant approval for repeat customers.
- Special offers during festive seasons.
5. Buddy Loan
- Connects borrowers with multiple lenders for best rates.
- Special loans for government employees.
- Co-applicant option for higher loan amounts.
- Doorstep service for document collection.
- Free credit score check with application.
- Dedicated relationship manager for assistance.
6. KreditBee
- Four loan products: Personal, Express, Salary, and Credit Line.
- First-time borrowers can get loans starting from ₹1,000.
- Completely paperless process with e-KYC.
- Flexible repayment options including weekly/monthly EMIs.
- Early settlement option with reduced interest.
- Referral bonus program for existing users.
7. Fibe (EarlySalary)
- Instant salary advance up to ₹5 Lakh.
- No collateral or guarantor required.
- Disbursal within 2 minutes to bank account.
- Special "No Cost EMI" option for select customers.
- Credit health monitoring dashboard.
- Option to increase limit with timely repayments.
8. LazyPay
- Integrated with popular shopping and food delivery apps.
- Split bills into EMIs at partner merchants.
- Credit line that can be used multiple times.
- Instant approval based on digital footprint.
- No foreclosure charges after 6 months.
- Cashback rewards for timely payments.
9. CASHe
- AI-driven instant approval system.
- Loans based on social profile and professional network.
- No physical documentation required.
- Same-day disbursal for approved applications.
- CASHe Prime membership for premium benefits.
- Referral program with cash rewards.
10. mPokket
- Designed specifically for college students and young professionals.
- Small ticket loans starting from ₹500.
- Quick approval based on education and future earning potential.
- Build credit history for first-time borrowers.
- Multiple repayment options including part payments.
- Special "Exam Fee" loans during admission seasons.
11. ZestMoney
- EMI financing at 10,000+ online stores.
- No credit card required for EMI purchases.
- Instant approval at point of sale.
- Flexible repayment tenure from 3 to 36 months.
- Special zero-cost EMI options.
- Digital gold purchase on EMI.
12. True Balance
- Balance transfer option from other lenders.
- Quick loans for low-income groups.
- Built-in expense tracker and financial planner.
- Gamified rewards for good repayment behavior.
- Multiple loan products including emergency cash.
- Regional language support for better understanding.
13. Home Credit
- Physical verification option for higher loan amounts.
- Special appliance and gadget financing.
- Doorstep service available in select cities.
- Flexible repayment schedules including bi-weekly options.
- Credit builder loans for thin-file customers.
- Discounts for women borrowers.
14. FlexSalary
- Salary advance with flexible repayment.
- Credit line that can be drawn multiple times.
- No penalties for early repayment.
- Special overdraft facility for corporates.
- Credit shield insurance option.
- Integration with HRMS for seamless verification.
15. Navi
- Complete digital process with video KYC.
- Competitive interest rates starting at 9.9%.
- No prepayment charges after 6 months.
- Instant approval for pre-qualified customers.
- Loan against mutual funds option.
- Dedicated customer support via chat.
16. Nira Finance
- Small business loans for micro-entrepreneurs.
- Income-based repayment flexibility.
- No collateral or guarantor required.
- Weekly/Monthly repayment options.
- Special loans for healthcare workers.
- Credit education resources.
17. Finnable
- Education-focused loans for skill development.
- Parent loan for children's education.
- Medical emergency loan facility.
- Customized repayment plans.
- Quick top-up loans for existing customers.
- Special women entrepreneur programs.
18. Freo Money
- Savings account with overdraft facility.
- Credit line based on savings pattern.
- Cashback on timely repayments.
- Round-up savings with micro-investing.
- Personal financial management tools.
- Social borrowing circles for group loans.
19. Pocketly
- Micro-loans for daily needs.
- Instant cash for emergencies.
- Build credit with small repayments.
- Referral bonuses for both parties.
- Cashback on first successful repayment.
- Simple three-step application.
20. IndiaLends
- Credit score improvement advisory.
- Debt consolidation loans.
- Pre-approved offers from multiple banks.
- Credit card against fixed deposits.
- Financial health check reports.
- Special NRI loan products.
21. Hero FinCorp
- Two-wheeler loan top-up facility.
- Special loans for rural customers.
- Agri-equipment financing options.
- Dealer financing programs.
- Supply chain financing.
- Used vehicle refinancing.
22. StashFin
- Multi-currency wallet facility.
- Travel now pay later option.
- International remittance services.
- Special expat loan products.
- Forex card integration.
- Overseas education financing.
23. Lenditt
- Short-term bridge loans.
- Quick business cash flow solutions.
- Invoice discounting facility.
- Merchant cash advances.
- Purchase order financing.
- Inventory financing.
24. PayMe India
- Daily wage earner loans.
- Gig worker financing.
- Ride-hailing driver loans.
- Freelancer project financing.
- Small vendor credit.
- Micro-entrepreneur support.
25. Dhani
- Integrated healthcare services.
- Medicine purchase on credit.
- Doctor consultation financing.
- Health check-up packages.
- Fitness equipment financing.
- Wellness product EMIs.
26. LoanTap
- Customized EMI plans.
- Step-up and step-down EMIs.
- Holiday loan packages.
- Wedding financing solutions.
- Rental deposit loans.
- Credit card repayment loans.
27. RupeeRedee
- Quick cash for urgent needs.
- First-time borrower program.
- Credit limit increases.
- Simple three-step application.
- Early repayment discounts.
- Referral rewards program.
28. SMFG India Credit
- Japanese financial expertise.
- Green loan products.
- EV financing options.
- Solar panel loans.
- Energy-efficient appliance financing.
- Sustainable business loans.
29. PaySense
- Credit builder loans.
- Alternative credit scoring.
- Behavioral analytics.
- Digital footprint assessment.
- Financial literacy resources.
- Budgeting tools.
30. MoneyTap
- Credit line on tap.
- Pay-per-use interest.
- Multiple withdrawals.
- Card-less ATM access.
- Bill payment integration.
- Spend analytics dashboard.
How to Choose the Right Personal Loan App?
When selecting a personal loan app, consider these factors:
- Interest Rates: Compare APR (Annual Percentage Rate) which includes all fees
- Processing Fees: Typically 0.5% to 6% of loan amount
- Disbursal Time: Ranges from instant to 72 hours
- Prepayment Charges: Usually 0-5% of outstanding amount
- Credit Score Impact: Some apps report to bureaus, helping build credit history
- Customer Support: Availability of 24/7 support via chat/phone
Always read the terms carefully and only borrow what you can comfortably repay.
Disclaimer: The information provided is for educational purposes only. Interest rates and terms are subject to change. We recommend checking the lender's official website for the most current information before applying. Borrow responsibly and ensure you understand all terms and conditions.